NewSquare Capital LLC Has $8.76 Million Stock Position in Prudential Financial, Inc. $PRU

NewSquare Capital LLC raised its holdings in Prudential Financial, Inc. (NYSE:PRU) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 82,456 shares of the financial services provider’s stock after acquiring an additional 2,615 shares during the quarter. NewSquare Capital LLC’s holdings in Prudential Financial were worth $8,755,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Proffitt & Goodson Inc. increased its position in shares of Prudential Financial by 12.7% during the second quarter. Proffitt & Goodson Inc. now owns 871 shares of the financial services provider’s stock worth $94,000 after buying an additional 98 shares during the period. SPC Financial Inc. increased its position in shares of Prudential Financial by 2.6% during the first quarter. SPC Financial Inc. now owns 3,973 shares of the financial services provider’s stock worth $444,000 after buying an additional 100 shares during the period. Thrive Wealth Management LLC increased its position in shares of Prudential Financial by 2.6% during the second quarter. Thrive Wealth Management LLC now owns 4,007 shares of the financial services provider’s stock worth $430,000 after buying an additional 101 shares during the period. Eagle Capital Management LLC increased its position in shares of Prudential Financial by 0.3% during the second quarter. Eagle Capital Management LLC now owns 35,806 shares of the financial services provider’s stock worth $3,847,000 after buying an additional 108 shares during the period. Finally, TIAA Trust National Association increased its position in shares of Prudential Financial by 2.7% during the second quarter. TIAA Trust National Association now owns 4,142 shares of the financial services provider’s stock worth $445,000 after buying an additional 108 shares during the period. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Prudential Financial

In related news, EVP Ann M. Kappler sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $109.65, for a total transaction of $438,600.00. Following the completion of the sale, the executive vice president owned 21,506 shares in the company, valued at approximately $2,358,132.90. This trade represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Prudential Financial Stock Up 0.6%

Shares of NYSE PRU opened at $104.57 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16. The company has a 50-day moving average price of $104.08 and a 200-day moving average price of $104.40. Prudential Financial, Inc. has a 1 year low of $90.38 and a 1 year high of $130.55. The stock has a market capitalization of $36.81 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.88 and a beta of 1.04.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share for the quarter. Prudential Financial had a net margin of 4.65% and a return on equity of 16.98%. The company had revenue of $8.35 billion for the quarter. On average, equities research analysts forecast that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PRU. Weiss Ratings reiterated a “hold (c)” rating on shares of Prudential Financial in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Prudential Financial from $126.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Wolfe Research assumed coverage on shares of Prudential Financial in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley raised their price target on shares of Prudential Financial from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $120.73.

Prudential Financial Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.